Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Jardine Lloyd Thompson Secures Lloyd’s of London Protection for Financial, Healthcare Sectors
Mar 9 2005 // JLT Risk Solutions Ltd. and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc, reported insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection...
People & Places
Mar 7 2005 // Deneen Schmitt Deneen Schmitt and Jim Cottone are among two of the newest additions to the expanding Pittsburgh, Pa., operations of Willis Group Holdings. Schmitt has joined Willis from Aon to serve as a senior vice...
Killer Tsunamis and the Marine Insurance Market
Mar 7 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
ChoicePoint: ‘Insurance Industry Databases Were Not Compromised’
Mar 7 2005 // ChoicePoint’s Clue Auto, Clue Property and Current Carrier insurance industry databases were not in any way involved or compromised by the fraud ring that obtained data from other ChoicePoint databases of public...
Jardine Lloyd Thompson Secures Lloyds of London Ins Protection to Financial & Healthcare Sectors as Identity Theft Grows
Mar 3 2005 // London: JLT Risk Solutions Ltd and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc (JLT.LN) said today insurance capacity has been secured within the Lloyd’s of London market to provide new...
FM Global Sees Strong Numbers for 3rd Straight Year
Mar 2 2005 // Commercial and industrial property insurer FM Global has reported a third consecutive year of strong operating performance, with 2004 marking a period in which the company increased its policyholder surplus significantly;...
General Re Under Scrutiny for Reinsurance Dealings with Failed Virginia Liability Reciprocal
Mar 2 2005 // General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the...
MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer
Mar 2 2005 // Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model...
Beazley Opens Up Shop in U.S. for Specialty Lines
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s. The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
Munsterman Joins CLUS as Assistant VP
Mar 2 2005 // Cunningham Lindsey U.S. Inc. (CLUS), headquartered in Dallas, announced the addition of Gary Munsterman as assistant vice president and national account executive. Munsterman will be based in Denver and will have sales and...
The McIntyre Group Reports Record 2004 Results; Regional Brokerage Doubles Revenue from 2003
Mar 1 2005 // Tony McIntyre, CEO and president of New Jersey-based The McIntyre Group, announced his firm’s strong performance for the fiscal year ending, Dec. 31, 2004. McIntyre stated that the insurance brokerage, had...
McIntyre Group Announces Record 2004 Results – Regional Brokerage Doubles Revenue from Previous Year
Feb 28 2005 // Cherry Hill, NJ – Tony McIntyre, CEO and President of The McIntyre Group released a statement today announcing his firm’s strong performance for the fiscal year ending, December 31, 2004. In a prepared text,...
QBE 2004 Operating Profit up 43% to $645 Million
Feb 25 2005 // Australia’s QBE Insurance Group announced a record operating profit after tax of A$820 million (U.S. $645 million) for the year ended Dec. 31, 2004, up 43 percent on the profit of A$572 million (U.S.$450 million)...
Hatch Joins U.S. Risk’s Austin Office
Feb 25 2005 // Dallas, Texas-based U.S. Risk Brokers announced that Connie Hatch has joined the firm as a senior broker in the Austin office. Hatch will be responsible for the development of a book of professional liability business from...
U.S.I. Chief Operating Officer O’Neil Resigns
Feb 25 2005 // U.S.I. Holdings Corporation announced that effective immediately Thomas E. O’Neil, senior vice president and chief operating officer, has resigned as an officer of U.S.I. to pursue other interests. U.S.I. said it has...
N.C. Insurance Commission Meets With Delegates From the Former Soviet Union
Feb 23 2005 // The North Carolina Insurance Commission shared information about the insurance industry and insurance regulation last week in Raleigh as it welcomed 19 hospital administrators and head physicians from Armenia, Azerbijian,...
U.S.I. Appoints Remig as Mid-Atlantic President
Feb 23 2005 // U.S.I. Holdings Corporation has appointed Philip W. Remig as president of its Mid-Atlantic offices in Trooper and Allentown, Pennsylvania. Remig joins USI from Aon Risk Services where he held various positions during the...
Supreme Court Rules Big Dig Dredge a Vessel for Purpose of Allowing Injured Worker to Sue Owner
Feb 23 2005 // The United States Supreme Court has ruled that workers injured on dredges like one used in the Big Dig construction are not limited to workers compensation but may also sue the vessel’s owner for negligence. Writing...
Best Sees Underwriting Discipline in January European Reinsurance Renewals
Feb 21 2005 // European January reinsurance renewals confirm A.M. Best Co.’s expectations that underwriting discipline is being maintained, despite wide capacity availability. The rating agency noted that overall premium rates have...
Scripps Study Finds Greenhouse Gases Proximate Cause of Ocean Warming
Feb 21 2005 // Researchers at the Scripps Institution of Oceanography at the University of California, San Diego, and their colleagues have produced the first clear scientific evidence that human activity-and very little else- is warming...
